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    mmfic's Avatar
    mmfic Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Feb 18, 2008, 08:45 PM
    Non-Resident F-1 Student 1099-MISC
    I worked under an OPT for about 2 1/2 months during 06/01/07-08/15/07, as a contractor doing IT work.

    I received a 1099-MISC form from my employer.
    For Nonemployee compensation : $4715.45
    I am also a citizen of South Korea. I believe we have a tax treaty with the U.S for $2000 correct?
    This makes my earning to $2715.45

    Therefore my question is:
    1. Do I need to file a 1040NR with schedule C?
    2. Is there any more deduction I can take out?
    3. Is there any other forms I need to fill out if I need to file for tax?

    Thank you,
    Won
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Feb 18, 2008, 10:24 PM
    On F1/OPT you are nonresident. You must file 2007 tax return if your income is $3,400 or more. You will get exemption of $3,400 and deduction of $2,000 as per tax treaty.
    So you don't have taxable income. You must also file form 8843.
    mmfic's Avatar
    mmfic Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Feb 21, 2008, 03:09 PM
    Thank you MuKatA.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Mar 7, 2008, 12:29 PM
    Agreed; MukatA's explanation is excellent.
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